FM Sitharaman calls for timely debt restructuring to counter global debt crisis

Apr 13, 2023

Sitharaman said this on the first day of the second G20 Finance Ministers and Central Bank Governors meeting held in Washington DC, which she...

Laos economic crisis intensifies amid Chinese debt

Oct 12, 2022

Vientiane [Laos], October 12 : The escalating debt crisis in Laos is pushing the country toward a meltdown and even experts believed that Vientiane...

Pakistan's economic condition continues to deteriorate due to 'deep debt'

May 27, 2022

Islamabad [Pakistan], May 27 : Pakistan is one of the fifty-two countries facing a severe debt crisis and the repayment and servicing of external...

Sri Lanka succumbs to China's debt-trap diplomacy: Report

Apr 12, 2022

Colombo [Sri Lanka], April 12 : Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy...

Global debt crisis unlikely in near-term despite more defaults: S&P

Mar 11, 2021

Melbourne [Australia], March 11 : While the ratio of global debt-to-GDP is at a record high, continuing recovery of global economy will likely prevent...

Colombo crisis fueled by Chinese loans rings alarm for international community

Sep 16, 2022

Colombo [Sri Lanka], September 16 : Sri Lanka's economic crisis has become a wake-up call for the international community as the country has emerged...